Salesforce Q1 Adj. EPS $1.69 Beats $1.61 Estimate, Sales $8.25B Beat $8.18B Estimate
Portfolio Pulse from Bill Haddad
Salesforce reported Q1 earnings of $1.69 per share, beating the $1.61 estimate, and sales of $8.25B, surpassing the $8.18B estimate. This represents a 72.45% increase in earnings and an 11.32% increase in sales compared to the same period last year.
May 31, 2023 | 8:07 pm
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POSITIVE IMPACT
Salesforce's Q1 earnings and sales beat estimates, with a 72.45% increase in earnings and an 11.32% increase in sales compared to last year.
Salesforce's better-than-expected Q1 earnings and sales growth are likely to have a positive short-term impact on its stock price. The 72.45% increase in earnings and 11.32% increase in sales demonstrate strong financial performance, which typically leads to increased investor confidence and a higher stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100